Mar 25oil
Iran offers Hormuz safe passage, but the fine print scares shippers
Iran says non-hostile vessels may transit the Strait of Hormuz under its rules. Shipping firms are not rushing back. Only five ships crossed on Monday.
Energy Market News
Latest news and analysis on oil, gas, and commodity markets
Mar 24oil
Trump says Iran gave the US an oil 'present' tied to Hormuz
Trump claims Iran sent a gift "worth a tremendous amount of money" related to oil and the Strait of Hormuz. Nobody knows what it is. $580M in trades hit before he spoke.
Mar 24oil
Valero shuts 435,000 bpd Texas refinery after explosion hits diesel unit
An explosion ripped through a diesel hydrotreater at Valero's Port Arthur refinery Monday night, forcing a full shutdown of one of the largest US refineries.
Mar 23analysis
The $30 oil swing: how one Truth Social post moved markets
Brent crude swung in a $17 range Monday alone. Over 24 days, oil has gone from $68 to $119 and back to $100 on little more than presidential posts and war headlines.
Mar 23oil
Oil plunges 14% as Trump pauses Iran strikes, cites productive talks
Brent crude crashed below $99 a barrel after Trump delayed power plant strikes for five days. Tehran denies any talks are happening.
Mar 22oil
Trump gives Iran 48 hours to reopen Hormuz or face power plant strikes
Trump threatened to obliterate Iran's power plants if the Strait of Hormuz stays closed. Tehran responded by vowing to destroy Gulf energy infrastructure.
Mar 21oil
Iraq halts foreign oil output as drones hit Kuwait refineries
Iraq declared force majeure on all foreign-operated oilfields as Hormuz disruptions choked exports. Hours later, Iranian drones struck two Kuwait refineries.
Mar 19analysis
Could oil hit $200? Wall Street no longer rules it out
Wood Mackenzie sees $200 Brent as plausible. Goldman Sachs, UBS, and Barclays have all hiked forecasts. With the Strait of Hormuz still choked, the ceiling keeps rising.
Mar 19gas
Iran missiles hit Qatar's Ras Laffan, the world's largest LNG hub
Iranian missiles struck Qatar's Ras Laffan complex twice in 12 hours, knocking out 17% of the country's LNG export capacity and sending European gas prices up 35%.
Mar 16market
WTI crude slides below $95 as traders bet Iran war is winding down
WTI crude fell 3.6% to $95.10 a barrel on Monday as de-escalation hopes, record reserve releases, and Saudi output gains chipped away at the war premium.
Mar 15oil
Pentagon weighs Operation Epic Escort as tanker standoff drags on
The US Navy is drawing up plans to convoy oil tankers through the Strait of Hormuz, but military officials say the fleet won't be ready for weeks.